Riverwood Plantation Named Community of the Year

March 1, 2010

Congratulations to Meybohm's Riverwood Plantation.
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Riverwood Plantation named 2009 Community of the Year
Best Selling Community and Best Marketing Strategies
by the Sales & Marketing Council of the
Builder's Association of Metro Augusta

Kathy Rawls, Riverwood Plantation Site Manager, named
Site Agent of the Year for 2009

Riverwood Plantation has been named Community of the Year every year since 2001.

Thank you for being a part of Riverwood Plantation, the Augusta area's best place to live.

Riverwood Plantation
5123 Riverwood Parkway
Evans, Georgia 30809
www.riverwoodplantation.com<http://r20.rs6.net/tn.jsp?et=1103105436275&s=666&e=00115TUE1wfpf8STAgRyngFgnXI3thzpPxREk9IYWJXcTdGxG4bZ62615dggNxOwgKeGVdP6IInpdMkGpkW__8ZJrNQW5I4zcpLBQqBqccB7_DvwIvmbHsdQgn8JuayhiVS>
706-210-3313

Marketed by Meybohm Realtors

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Riverwood Plantation | 5123 Riverwood Parkway | Evans | GA | 30809

1-27-10
FHA/HUD recently issued a news release announcing policy changes which would greatly affect many FHA buyers. Normally, a first-time homebuyer purchases with an FHA insured loan, because they qualify easier and with a lower down payment, which can be gifted. This helps a buyer to get into a home and start building equity sooner, when funds on hand are limited. As part of these changes made by HUD, the MIP, mortgage insurance premium, will increase from 1.75% to 2.25%. Also, the allowable seller concessions has been cut from 6% to 3%. These are major changes! With the tighter underwriting guidelines, it is most important that the consumer be aware of their credit scores and make every effort to keep credit cleaned up. Also, saving as much as possible. There will have prepaid costs, along with the down payment. One of my services to homebuyers, is to make sure they understand the entire process. Before looking at property, contact a mortgage loan officer to be sure you are in the best position to purchase.

Real estate property is still the best investment one can make. Sometimes we have to see the picture realistically. What we want and what we qualify for, are at two different ends of the spectrum.

1-13-10
HAPPY NEW YEAR! Congratulations to Augusta, GA/SC
Reports by the Associated Press and figures compiled locally indicate that we ended the year 2009 on a stronger economic lever than the same period of 2008. Numerous reports are reflecting a healthier economy on the national level as well as on the local level, indicating we are on the way to recovery. According to the SC 2009 Housing Market Report, SC has shown a relatively stable market, experiencing house price appreciation thru 2009.

BusinessWeek.com teamed up with MoodysEconomy.com to identify metro regions across the U.S. who should experience job growth in the first quarter of 2010. Augusta, GA ranked in the top 25. On the same line, according to Dec., 2009 Metro Monitor, Augusta, GA/SC ranked #23 among America's 100 largest metro areas in regard to economic recovery. Quoting Deke Copenhaver, Dec. 2009, "The positive recognition at the national level, coupled with the ongoing investment in our local economy and the recent approval of the Tee Center & the Laney-Bethlehem Redevelopment Initiative (as well as the $25M hotel project that will coming along with it), certainly should help us all have a great deal of positive anticipation as we move into 2010.

In an Augusta Chronicle report, Dec., 2009, it states The Brookings Institution examined employment, unemployment, home prices and foreclosure rates thru the third quarter of 2009 in top metro areas. Augusta faired the best in employment and foreclosure rates in those areas. Augusta had 1.69 bank owned foreclosures for every 1,000 households. The metro average is 4.32 homes lost to foreclosure for every 1,000 households.

Taking a closer look at the Augusta Real Estate Market, the December Real Estate Report shows a strong recovery for the new construction market. New Construction home closings have rebounded significantly—just short of June 2006. The active inventory is up as well as sales. Sales in November were up 36% from October. Current listing activity and median list price are reflective of a stabilizing market.

The Augusta resale market shows a 7% increase in sales from Oct. to Nov. which is up significantly from 2008. The median list price is down 6%, which may be a result of the absorption of foreclosures in the market. I believe we are going to experience a continuous rise as we move into the second quarter of 2010, as February thru June has traditionally been out climb in the mortgage market to peek in June/July; particular with the help of the tax credits.

I expect the extension of the first-time homebuyer's tax credit along with the long-time homebuyer's tax credit will continue to boost the economic growth through Spring, 2010. But, what will the economic picture be like after July 30, 2010, the deadline to close on all mortgage loans utilizing the tax credits? Are we now positioned to move at a pace that will continually move us in a upward pace? Are these two tax credits enough to keep us from going back in an economic slump?

November 7, 2009 GREAT NEWS!

We in the housing industry are rejoicing is the passage of legislation to extend and expand home buyer tax credit. The current 2009 first-time home-buyer tax credit has been extended to April 30, 2010. It has also been expanded to include a far larger pool of people entering the dormant housing market, called the move-up market. This tax credit would include a $6,500 credit for people who have lived in their current residence at least five years.

A large percentage of the home buyers this year have been first-time home buyers taking advantage of the tax credit. Georgia's Senator Isakson has worked with Senate leadership over the last two weeks to expand the home buyer tax credit to include buyers in the "trade-in" or "move-up" market, because he believes the real housing recession is with homeowners who are delaying purchasing their next homes.

According to a recent telephone conference, Senator Isakson stated he has worked long and hard pushing for the tax credit for home buyers since January 2008 because he knows that it will work. Isakson states, "The key to returning stability to the economy lies within the housing market, and we have crafted a meaningful credit that will create a strong foundation for future growth and make a measurable difference over the next seven months in our economy." He also stated this is the last of the home-buyer tax credits, it will not be extended again.

Quoting Jim Abrams, AP, "The two tax credits, each costing more that $10 billion over 10 years, are paid for by delaying enactment of a law giving international companies more leeway in how they allocate interest expenses between U.S. and foreign sources in determining tax liabilities."

For a comparison chart on the two tax credits, go to http://bit.ly/e1fiE .

DON'T DELAY! TAKE FULL ADVANTAGE OF THESE TAX CREDITS BEFORE APRIL 30, 2010!!!! Interest rates are still low and properties are priced to sell. Local Monthly Market conditions are on youtube at http://youtube.com/CarolCan4u.

According to the Augusta Chronicle, Oct. 15, Augusta area records fewer foreclosure. Real Estate marketplace Realty Trac reported that local foreclosure activity fell 11 percent from August to September. Good news for our real estate market and for the consumer.

August Marketing Report

July Marketing Report